I’m going to be opportunistic again here this morning and nibble some AAPL call options dated out into February with strike prices around $200. The stock is down a bunch since we trimmed some near its all-time highs a few weeks ago and is probably a bit oversold. I’ll just nibble a TINY bit. And if AAPL drops again tomorrow, I’ll probably nibble some more call options on it a bit more aggressively.
This is what we expected, no? We said the Fed would cut and it didn't matter much to us if it the cut were 25 bps or 50bps. So far the playbook for the Fed that we've outlined repeatedly for the last few weeks is playing out.
Bryce and I had an amazing time, learned so much, worked very hard on our business and were received incredibly warmly everywhere we went. We will write more about our experiences, learnings and analysis, but in the meantime, here are the Top 5 Mindblowing Thoughts I had on our trip.
With the markets back to being close to their all-time highs, its probably a better time to be cautious than wildly bullish.
No chat this week, and we didn't have high hopes for Apple's "It's Glowtime" event next week.